Australia - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCow Peas Price in Australia - 2023
Contents:
- Cow Peas Price in Australia (CIF) - 2022
- Cow Peas Price in Australia (FOB) - 2022
- Cow Peas Imports in Australia
- Cow Peas Exports in Australia
Cow Peas Price in Australia (CIF) - 2022
The average cow peas import price stood at $1,892 per ton in 2022, increasing by 23% against the previous year. In general, the import price, however, saw a pronounced slump. The import price peaked at $2,578 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,162 per ton), while the price for Myanmar ($1,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.2%), while the prices for the other major suppliers experienced a decline.
Cow Peas Price in Australia (FOB) - 2022
In 2022, the average cow peas export price amounted to $2,444 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $2,447 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +11.2% per year.
Cow Peas Imports in Australia
In 2022, supplies from abroad of cow peas (dry) decreased by -12.3% to 307 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 494 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cow peas imports rose markedly to $582K in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports attained the peak of $759K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cow Peas in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 493 | 754 | 457 | 465 | -1.9% |
| Myanmar | N/A | N/A | N/A | 66.7 | 0% |
| India | 1.0 | 1.7 | 80.0 | 26.6 | 198.5% |
| China | N/A | 3.3 | N/A | 23.7 | 168.0% |
| Singapore | 31.1 | N/A | N/A | N/A | 0% |
| Others | 13.4 | N/A | N/A | N/A | 0% |
| Total | 538 | 759 | 537 | 582 | 2.7% |
Top Suppliers of Cow Peas to Australia in 2022:
- United States (226.1 tons)
- Myanmar (52.5 tons)
- India (17.8 tons)
- China (11.0 tons)
Cow Peas Exports in Australia
In 2022, shipments abroad of cow peas (dry) decreased by -84% to 7 tons, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of 47 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cow peas exports shrank remarkably to $17K in 2022. In general, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 25%.
| Export of Cow Peas in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | N/A | N/A | 17.1 | 5.9% |
| Hong Kong SAR | N/A | 35.8 | N/A | N/A | 0% |
| Papua New Guinea | 53.6 | 46.3 | 56.1 | N/A | 2.3% |
| New Caledonia | 3.9 | N/A | N/A | N/A | 0% |
| India | N/A | N/A | 5.6 | N/A | 0% |
| Italy | N/A | N/A | 43.2 | N/A | 0% |
| Canada | N/A | 5.9 | N/A | N/A | 0% |
| Others | N/A | 1.9 | 2.4 | N/A | 26.3% |
| Total | 72.0 | 90.0 | 107 | 17.1 | -38.1% |
Top Export Markets for Cow Peas from Australia in 2022:
- United States (7.0 tons)
This report provides an in-depth analysis of the cow peas market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 195 - Cow peas, dry
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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